Fluent Inc. (NASDAQ:FLNT) operates in the advertising and marketing industry, offering data-driven performance marketing solutions. Recently, Canaccord Genuity set a price target of $3.50 for FLNT, suggesting a potential upside of 29.15% from its current trading price of $2.71. This price target reflects optimism about the company's future performance despite recent financial challenges.
During its Q4 2024 earnings call, Fluent reported a quarterly loss of $0.18 per share, which was better than the Zacks Consensus Estimate of a $0.30 loss. This represents an earnings surprise of 40%. However, the company has only surpassed consensus EPS estimates once in the past four quarters, indicating some inconsistency in meeting market expectations.
Fluent's revenue for the quarter ending December 2024 was $65.41 million, which fell short of the Zacks Consensus Estimate by 5.37%. This is a decline from the $72.76 million reported in the same quarter the previous year. The company has only exceeded consensus revenue estimates once in the last four quarters, highlighting challenges in revenue growth.
The stock for FLNT is currently priced at $2.71, reflecting a 2.26% increase with a change of $0.06. The stock has fluctuated between a low of $2.52 and a high of $2.71 today. Over the past year, FLNT has reached a high of $4.30 and a low of $2.31. The company's market capitalization is approximately $52.47 million, with a trading volume of 27,633 shares on the NASDAQ exchange.
